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The Fastest Selling Cities in America

With a huge overhang of inventory glutting the market and foreclosures dragging down prices, it's hard to imagine that some markets are still bustling with activity. But in these 10 metros identified by Realtor.com, homes are still selling -- and fast. Click through to see the fastest selling markets in America, and peek at what the median home price in each area can buy.

Median Age of Inventory: 59 days
Median price: $152,725
This Home: $153,500

According to the latest NAR research, homes lingered on the market for a median of 95 days. In Omaha, the typical home was only listed for 59 days -- a whole 36 days less than the national trend. With a typical list price of just over $150,000, you could own the four-bedroom home pictured left.

At just over $150,000, this 4-bedroom, 3-bath family home is perfect for a family looking to put down roots. While the median sales price in Omaha (not to be confused with list price) is down 3.3% from this time last year, a family looking to stay in the home shouldn't be concerned with resale value in the near-term. In fact, downward home prices give first-time buyers even more leverage at the bargaining table.

This 1,957 square foot home features 10 rooms, wall-to-wall carpeting, an outdoor shed and two-car garage. Built in 1979, there's also less chance of needing to perform major home improvements that one might expect in pre-war constructions.

This two-level home also features a family room with a fireplace and laminate flooring. With plenty of sunlight and well-apportioned rooms, a family could grow in a house of this size for years to come. You can see the full listing here.

Median Age of Inventory: 59 days
Median price: $160,000
This Home: $160,000

While the pricier metro areas of San Francisco and Los Angeles may shape many homebuyers' perception of California real estate, cities like Fresno offer far more affordable options for buyers in the Golden State. Take this 3-bedroom home for $160,000, for instance.

This 1,920 square foot home was built in 2008, when home prices in many cities began to sink precipitously. Since this time last year, the median list price for homes in the area has fallen by more than 15 percent -- one of the larger price drops in all the metros recorded by the NAR in May. And while list price is a good indicator of which direction a market is headed, buyers should see this trough as a rare opportunity to buy into the area.

Say what you will about the value of home staging, but in today's market, where foreclosed properties lie dormant for months or years, it's comforting to see a home that's been well-tended and lived-in, even if it isn't your taste. This is especially true in warmer climates, where vacant homes can quickly develop mold and other expensive problems for the new owner.

With three bedrooms and three baths, this detached, 1,920 square-foot home is priced just right for a first-time buyer. It's not to say that property values will never rise again in the area (on the contrary, prior to the bubble bursting, prices had gradually increased for decades), but buyers should be content with purchasing homes, not piggybanks with roofs.

Median Age of Inventory: 59 days
Median price: $480,000
This home: $485,000

If priced right, even homes in more affluent cities like San Jose can sell fast. For repeat-buyers looking to move up, or empty-nesters looking to downsize, San Jose offers a range of high-end properties at steep discounts. Take a look at this two-bedroom low-rise.

Though smaller than some of the other properties on the list, at 1,572 square-feet, this light and contemporary two-bedroom home makes up for its lack of size with amenities. The HOA fees include landscaping, electronic home security, spa access and utilities.

The double-pane windows and wall-to-wall carpeting give this room an inviting glow. And thanks to the owner's spartan staging of the home, it's easy to imagine what the home could look like with new furnishings.

Median Age of Inventory: 58 days
Median price: $135,000
This home: $139,900

Bakersfield was recently in the news when it was revealed that the Governator's alleged mistress, Mildred Baene, lived there. Scandals aside, the city has plenty to offer home buyers. Equidistant from Los Angeles and Fresno, it has the same perfect weather as pricier Cali metros, but at a more reasonable price. Check out this Mediterranean-style home.

Plenty of light greets visitors in the foyer of this three-bedroom, 1.5-bath home. Year over year, the median list price in Bakersfield has fallen 10 percent, while the number of homes for sale in the area has dropped 1.62 percent -- which can mean that more sellers are de-listing their homes in frustration, or more buyers are scooping up discounted properties. In either case (though probably a combination of both), it's definitely a buyer's market.

And what California home would be complete without an in-ground pool in the back? On a somewhat related note, public records show that the home last sold in 2005 -- for $325,000. That's quite a dip in just a matter of years. But such was the fallacy of rising home values in the run up to the housing crisis.

Median Age of Inventory: 58 days
Median price: $375,000
This home: $379,900

While a new survey shows that buyers don't believe the market will recover until 2014, Washington D.C. is one of the few markets ahead of the curve. Median home prices in the area have actually gone up 0.8 percent from a year ago. This one-bedroom condo comes in just north of the area's median list price.

It may not be the starter-home a growing family needs, but patient investors and repeat-buyers should see a lot of promise in this centrally-located property. And a note to browsing bachelors -- put down the Ramen. This home comes equipped with a fully renovated kitchen.

Median Age of Inventory: 58 days
Median price: $149,900
This home: $150,000

The Sooner State may be an apt name in more ways than one. With a median age of inventory of just 58 days, Tulsa's the kind of city that evaded the worst of the housing crisis as flashier metros (we're looking at you, Las Vegas) took the brunt of the damage. This bungalow-style home is priced right in Tulsa's sweet spot range.

This cozy two-bedroom house measures 1,157 square-feet and features refinished wood floors and a new ceramic tile kitchen counter. Picture yourself cheering on any number of Oklahoma's winning sports franchises from this brightly lit living room.

Buyers looking for a move-in ready home will be pleased to know that the owner will also include the refrigerator, washer and dryer in the sale. And for the outdoorsy types, the home is located near Riverparks Trails.

Median Age of Inventory: 57 days
Median price: $369,900
This home: $375,000

The difference between this metro and the previous District of Columbia entry is only a few miles, but both are in high demand. Take everything we said about D.C. proper and magnify it with this, the fourth-fastest selling metro in America. Take a look at this posh one-bedroom condo.

Listed just one week ago on realtor.com, this unit includes hardwood flooring, granite countertops, ceramic tiles in the kitchen, a dishwasher and garage disposal. Like the other property highlighted in D.C., though, it's not exactly a family home. But if it suits your lifestyle, the location alone is worth the price tag.

Median Age of Inventory: 54 days
Median price: $645,000
This home: $649,000

California dreaming might lead you to this perennially popular city by the bay. While homes in the area are considerably more expensive here than in other entrants on the list, it remains one of the fastest selling metros in the nation. And with charming properties like this two-bedroom Mediterranean, it's no wonder.

The view from this living room alone might be enough to entice buyers to sign on the dotted line. But according to the listing, the home has been on the site for 98 days -- almost twice as long as the median days on market for the area. It could mean more leverage at the bargaining table for prospective buyers, especially if comparable homes in the area are selling for less.

Median Age of Inventory: 44 days
Median price: $319,950
This home: $325,000

In total, five cities from the Golden State grace this list -- but Oakland tops them all in terms of fast turn-around. The median age of listings in this sunny metro is just 44 days. Hesitate, and you might miss an opportunity to lock in a deal with the perfect combination of factors -- dazzling, discounted properties and historically low interest rates. Of course, simply qualifying for a mortgage in today's tight lending environment is easier said than done.

Median Age of Inventory: 44 days
Median price: $249,900
This home: $250,000

It may come as a surprise to you that the fastest-selling metro in America this month is Denver-- then again, to locals who live in the area, it might not. Unlike cities like Phoenix and Las Vegas, where speculators bet big on sky-high property value, Denver kept chugging along, mostly under the radar. Since 2008, when the median home sales price was around $219,000, the price has since risen to almost $224,000 in the first-quarter of this year. Just some food for thought as you browse this two-bedroom house.

The listing agent boasts that this 1,107 square foot home is "the cheapest single-family east of Logan, by far." Of course, you'll want to test that claim by browsing comparable homes in the area. Some of the more notable features included are the hardwood fir floors, the original circa 1901 fireplace and a backyard/patio area.

Though the house was built in 1901, many of the key features of the home have been recently updated, including this remodeled kitchen. The listing agent also notes that the roof is only three years old.